Kargu: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Kargu
Largest movements
- Tangible fixed assets +€62,564
up €62,564 (+277.6%), from €22,534 to €85,098
of which Other tangible fixed assets: +€32,863
- Cash +€17,309
up €17,309 (+94.3%), from €18,348 to €35,657
mainly Other debts (+€27,567) and Net result for the year (+€24,800)
- Intangible fixed assets +€16,699
up €16,699 (+136.4%), from €12,241 to €28,940
- Other debts +€27,567
up €27,567 (+35.7%), from €77,239 to €104,806
- Profit (loss) carried forward +€24,800
up €24,800 (+74.0%), from -€33,498 to -€8,698
- Trade debts +€21,066
up €21,066 (+34.1%), from €61,860 to €82,927
- Debts after one year +€9,484
up €9,484 (+179.2%), from €5,291 to €14,775
- Current portion of long-term debt +€6,314
up €6,314 (+147.1%), from €4,293 to €10,607
- Gross operating margin +€132,232
up €132,232 (+204.3%), from €64,718 to €196,950
- Staff costs +€68,939
up €68,939 (+83.0%), from €83,080 to €152,018
- Depreciation +€10,110
up €10,110 (+365.9%), from €2,763 to €12,873
- Other operating charges -€5,524
down €5,524 (-51.1%), from €10,805 to €5,281
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,638 | €230,911 | +€94,272 | +69.0% |
| Fixed assets | 21/28 | €35,375 | €114,638 | +€79,263 | +224.1% |
| Intangible fixed assets | 21 | €12,241 | €28,940 | +€16,699 | +136.4% |
| Tangible fixed assets | 22/27 | €22,534 | €85,098 | +€62,564 | +277.6% |
| Furniture and vehicles | 24 | €22,534 | €52,234 | +€29,700 | +131.8% |
| Other tangible fixed assets | 26 | - | €32,863 | +€32,863 | |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €101,264 | €116,273 | +€15,009 | +14.8% |
| Amounts receivable within one year | 40/41 | €82,916 | €80,616 | -€2,300 | -2.8% |
| Trade receivables | 40 | €77,411 | €66,955 | -€10,455 | -13.5% |
| Other amounts receivable | 41 | €5,505 | €13,661 | +€8,156 | +148.1% |
| Cash at bank and in hand | 54/58 | €18,348 | €35,657 | +€17,309 | +94.3% |
| Total equity and liabilities | 10/49 | €136,638 | €230,911 | +€94,272 | +69.0% |
| Equity | 10/15 | -€23,498 | €1,302 | +€24,800 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,498 | -€8,698 | +€24,800 | +74.0% |
| Amounts payable | 17/49 | €160,136 | €229,609 | +€69,473 | +43.4% |
| Amounts payable after more than one year | 17 | €5,291 | €14,775 | +€9,484 | +179.2% |
| Financial debts | 170/4 | €5,291 | €14,775 | +€9,484 | +179.2% |
| Amounts payable within one year | 42/48 | €154,845 | €214,833 | +€59,989 | +38.7% |
| Current portion of amounts payable after more than one year | 42 | €4,293 | €10,607 | +€6,314 | +147.1% |
| Trade debts | 44 | €61,860 | €82,927 | +€21,066 | +34.1% |
| Suppliers | 440/4 | €61,860 | €82,927 | +€21,066 | +34.1% |
| Taxes, remuneration and social security | 45 | €11,453 | €16,494 | +€5,041 | +44.0% |
| Taxes | 450/3 | €2,621 | €101 | -€2,520 | -96.2% |
| Remuneration and social security | 454/9 | €8,832 | €16,393 | +€7,561 | +85.6% |
| Other amounts payable | 47/48 | €77,239 | €104,806 | +€27,567 | +35.7% |
| Remuneration, social security and pensions | 62 | €83,080 | €152,018 | +€68,939 | +83.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,763 | €12,873 | +€10,110 | +365.9% |
| Other operating charges | 640/8 | €10,805 | €5,281 | -€5,524 | -51.1% |
| Gross operating margin | 9900 | €64,718 | €196,950 | +€132,232 | +204.3% |
| Operating profit (loss) | 9901 | -€31,930 | €26,777 | +€58,707 | |
| Financial charges | 65/66B | €1,568 | €1,977 | +€410 | +26.1% |
| Recurring financial charges | 65 | €1,568 | €1,977 | +€410 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | -€33,498 | €24,800 | +€58,298 | |
| Profit (loss) for the period | 9904 | -€33,498 | €24,800 | +€58,298 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,498 | €24,800 | +€58,298 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.